Latest Insights on DBA

As jobless claims continue to soar, Wall Street’s sliver lining is “at least they aren’t soaring more.” Jobs on the Line; Peloton’s Doing Fine May 7, 2020 by Joseph Hargett Great Stuff Wall Street’s Breaking Bad This must be Thursday. I never could get the hang of Thursdays. — Arthur Dent, The Hitchhiker’s Guide to the Galaxy. Indeed, it is Thursday, dear reader. And you know what that means … weekly unemployment claims and a market rally. (More optimistically, it’s also Reader Feedback day! Read on…) The […]
Trillions, unlimited stimulus, 20.2 million unemployed … unprecedented numbers, all. It’s no wonder Wall Street is vapor locked and rallying on bad news. Jobs Data Vapor Lock; Shopify Shocks; Gamers Game Amok May 6, 2020 by Joseph Hargett Great Stuff The Market Gods Are Crazy Any Great Stuff readers home-schooling kids right now? It’s quite the experience, let me tell you. New math? Pshaw … I’ve done things with fractions and limits in the past week that would turn you white. Yes, Mr. Great Stuff, we get it. Math is hard. But what about the […]
In the market’s sea of frothing bullishness, someone almost had an epiphany … and then stumbled over a pile of Fed cash and forgot it. 30 Million Unemployed; Tesla Cries Freedom; Microsoft Goes Hard April 30, 2020 by Joseph Hargett Great Stuff On the Turning Away… …from the pale and downtrodden … and the words that they say which we don’t understand. Wall Street almost — almost — became aware of the U.S. economy this morning. Continuing the epic U.S. employment saga, the Labor Department put another brick in the unemployment wall this morning. Some 3.8 million […]
The U.S. economy just shrank for the first time since the financial crisis. There’s a mantra for times like this: The stock market is not the economy. U.S. Shrinkage, Box Office Trolls, Boeing Blows April 29, 2020 by Joseph Hargett Great Stuff Country Jerome and the Fed And it’s a one, two, three … what are we buying for? Don’t ask me, I don’t care a wit; next stop is a bull market. And it’s a five, six, seven … open up the pearly gates. Well there ain’t no time to wonder why, whoopee! Stocks are gonna […]
Nearly every economic indicator points toward a Great Depression-like catastrophe, but the market is on a three-day, hope-inspired winning streak. It’s different this time. 3M’s Mask-on Magic; Pfizer Pfalls; Caterpillar Crawls April 28, 2020 by Joseph Hargett Great Stuff It’s Different This Time It’s the mantra of the hopeful and the rally cry of bullish investors whenever the market takes a turn for the worse. As I scanned headlines in the financial media this morning, the simple truth of these words struck me. Take this morning’s original MarketWatch headline for example: “Stocks rise for […]

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